February 13, 2018 11:07 AM
CEI experts react to provisions in President Trump’s fiscal year 2019 budget proposal released on February 12, 2018.
February 9, 2018 1:47 PM
Recent comments by SEC Chairman Jay Claytonmay signal an increasingly heavy-handed regulatory approach toward cryptocurrencies. Such an approach could curb innovation and prove counterproductive in fighting fraud. Instead, cryptocurrency rules should give consumers recourse against bad actors while preserving the important principle of “permissionless innovation.”
February 5, 2018 3:40 PM
The myth of Consumer Financial Protection Bureau independence invalidates the Bureau’s protection from the President and Congress. The extreme insulation is predicated on protecting the Bureau from regulatory capture. But the CFPB has already been captured by special interest groups, who have pursued their own version of consumer protection against the public interest.
February 1, 2018 12:30 PM
It appears a variety of California municipalities have gotten themselves in hot water. To investors of their bonds, they have claimed that they are unable to predict sea level rise or other climate risks. But they recently filed suit against a variety of oil and gas companies claiming the companies are causing the sea level to rise. The municipalities in their lawsuits give very explicit predictions as to how much they think the sea level will rise.
January 30, 2018 10:03 AM
Effective consumer protection does not require a body as unaccountable, powerful, and ideologically driven as the Consumer Financial Protection Bureau. In short, it does not require “pushing the envelope.”
January 29, 2018 6:10 PM
If President Trump really wants to strike a note of bipartisanship in his State of the Union address, as well as promote measures to build on the U.S. economy’s growth spurt, he should lend his explicit support to the Fair Investment Opportunities for Professional Experts Act.
January 26, 2018 8:15 AM
President Trump should use his State of the Union address to encourage members of Congress to pass these 7 bills immediately.
January 25, 2018 8:02 AM
President Trump will deliver his inaugural State of the Union address next week, where he will outline the administration’s agenda for the coming year. Here are five financial reform priorities that the administration should champion.
January 24, 2018 5:32 PM
According to Acting Director Mick Mulvaney, the Consumer Financial Protection Bureau will now stick to enforcing consumer protection laws as written, but not attempt go beyond that mandate is it did under President Obama.
January 23, 2018 4:02 PM
The Durbin Amendment strikes again. Today brings further evidence that the little-known amendment authored by Sen. Richard Durbin (D-IL), which imposed price controls on debit card fees, has stripped access to financial services for less-affluent Americans.